TechFlow reports, citing Ming Pao Hong Kong, that Kerry (0683) subsidiary has launched for sale via tender the largest unit in its luxury residential project No. 3 Long Kwo Road, Beas River, a courtyard villa known as "Ti Wai C"—the largest single development unit in Kowloon—on July 13. According to sources, the developer introduced the property under a "lease-to-own" arrangement. The mansion has already been leased by a mainland Chinese buyer named Li Lin (LI LIN), under a 90-month lease agreement—approximately seven and a half years—commencing August 1, 2023. The tenant has the option to renew the lease three months before its expiration. However, the rental amount remains undisclosed. During the lease term, the tenant may choose to purchase Ti Wai Courtyard Villa C for HK$1 billion. If completed, the transaction would set a record price of HK$85,529 per square foot (approximately RMB 920,625 per square meter).
A source told TechFlow that the tenant Li Lin is the founder of Huobi.
